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Barchart
Barchart
Rich Asplund

Rains in Brazil Hammer Coffee Prices

Ice Brazil Somar Meteorologia Cecafe United States Vietnam Conab FAs

December arabica coffee (KCZ25) today is down -14.75 (-4.02%), and November ICE robusta coffee (RMX25) is down -95 (-2.22%).

Coffee prices are retreating today, with arabica falling to a 1-month low.  Rains in Brazil are easing dry conditions and undercutting coffee prices.  Brazil's Somar Meteorologia reported rainfall in Minas Gerais today and said more showers are expected for the rest of the week.

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